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Kidney stones, also called renal calculi refers to a medical condition in which clumps of minerals accumulate on the inner walls of the kidney. In certain conditions, the waste products present in the blood form crystals that accumulated over a period of time and form a hard lump-like structure. A kidney stone can sometimes be painful along with other symptoms such as haematuria, nausea, frequent urine sensation and others. There are many surgical treatments available for kidney stones.
The rise in demand for minimally invasive interventions has resulted in the availability of various types of kidney stone retrieval devices in the market. In addition, there is a new product launched in recent years, further strengthening the global kidney stone retrieval device market. In 2018, Boston Scientific Corporation, one of the prominent medical devices manufacturers announced the worldwide launch of LithoVue Empower, a kidney stone retrieval device which is designed to be used along with LithoVue, digital ureteroscopes and compatible with the stone retrieval baskets, which will further boost the global kidney stone retrieval device market growth.
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The global kidney stone retrieval device market growth is being driven by the increase in a number of kidney stone removal surgeries, greater adoption to endoscopes for diagnosis and treatment, and emerging government guidelines for a surgical procedure for kidney stone removal. Furthermore, the rise in the prevalence of kidney stones globally is anticipated to fuel the global kidney stone retrieval device market growth in the forecast years.
According to the Centers of Disease Control and Prevention, in 2016, the total number of adults in the U.S. diagnosed with kidney stones were approximately 4.9 million, which in turn expand the global kidney stone retrieval device market growth.
Stringent government regulations and lack of skilled professionals in emerging economies are a major factor that can hamper the growth in global kidney stone retrieval device market.
The major companies covered in the global kidney stone retrieval device market report include Boston Scientific Corporation, C. R. Bard Inc. (Becton Dickinson and Company), Cook Medical, Olympus, STORZ MEDICAL AG, Richard Wolf GmbH, Dornier MedTech, and others.
By Type of Product
· Stone Removal Baskets
· Urinary Stents
· Intracorporeal Ureteroscopy
· Extracorporeal Shock Wave Lithotripsy
· Percutaneous Nephrolithotripsy
By End User
· Hospitals & Clinics
· Specialty Clinics
· Ambulatory Surgery Centres (ASCs)
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
As per the current Kidney Stone Retrieval Device market trends, extracorporeal shock wave lithotripsy is the expected to dominate the treatment segment of the global kidney retrieval device market due to its widespread adoption as a treatment for the kidney stones.
North America followed by Europe is anticipated to hold a considerable share of the global kidney stone retrieval device market owing to increasing adoption of non-invasive surgical techniques, favorable reimbursement policies and the rise in prevalence of kidney stones. The Asia Pacific holds potential for kidney stone retrieval device owing to the rise in prevalence of kidney stones and increasing need for safe and minimally invasive surgical methods. Increasing healthcare infrastructure, increasing demand for technologically advanced medical devices and rising disposable incomes is expected to drive the kidney stone retrieval device market growth in the forecast period. Increasing prevalence of kidney stones is anticipated to contribute to the growth of the Latin America and Middle East & Africa kidney stone retrieval device market in the future.